LSV Asset Management Has $29.37 Million Stock Position in Carriage Services, Inc. $CSV

LSV Asset Management lessened its stake in shares of Carriage Services, Inc. (NYSE:CSV) by 1.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 642,017 shares of the company’s stock after selling 6,400 shares during the period. LSV Asset Management’s holdings in Carriage Services were worth $29,366,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Carriage Services by 4.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,090 shares of the company’s stock worth $313,000 after buying an additional 312 shares during the period. BayBridge Capital Group LLC lifted its position in shares of Carriage Services by 4.7% in the 2nd quarter. BayBridge Capital Group LLC now owns 8,311 shares of the company’s stock valued at $380,000 after acquiring an additional 376 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Carriage Services by 1,736.0% in the 1st quarter. Jones Financial Companies Lllp now owns 918 shares of the company’s stock worth $36,000 after purchasing an additional 868 shares during the period. Intech Investment Management LLC boosted its stake in Carriage Services by 16.3% in the 2nd quarter. Intech Investment Management LLC now owns 8,381 shares of the company’s stock worth $383,000 after purchasing an additional 1,175 shares during the period. Finally, Simplex Trading LLC grew its position in Carriage Services by 408.7% during the 2nd quarter. Simplex Trading LLC now owns 1,526 shares of the company’s stock worth $69,000 after purchasing an additional 1,226 shares in the last quarter. 66.46% of the stock is owned by hedge funds and other institutional investors.

Carriage Services Price Performance

Shares of CSV opened at $40.90 on Wednesday. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.90 and a current ratio of 1.06. The firm has a market cap of $643.97 million, a PE ratio of 12.28, a PEG ratio of 0.89 and a beta of 0.92. The firm’s 50 day moving average price is $44.01 and its 200 day moving average price is $44.43. Carriage Services, Inc. has a twelve month low of $35.51 and a twelve month high of $49.41.

Carriage Services (NYSE:CSV) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.72 by $0.03. The company had revenue of $102.74 million for the quarter, compared to analyst estimates of $100.96 million. Carriage Services had a net margin of 12.85% and a return on equity of 21.63%. Carriage Services has set its FY 2025 guidance at 3.250-3.300 EPS. As a group, research analysts expect that Carriage Services, Inc. will post 2.5 EPS for the current fiscal year.

Carriage Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 3rd will be issued a dividend of $0.1125 per share. This represents a $0.45 annualized dividend and a yield of 1.1%. The ex-dividend date is Monday, November 3rd. Carriage Services’s dividend payout ratio (DPR) is 14.47%.

Insider Buying and Selling at Carriage Services

In other Carriage Services news, VP Shane Pudenz sold 13,027 shares of the business’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $44.36, for a total value of $577,877.72. Following the completion of the sale, the vice president owned 14,930 shares of the company’s stock, valued at $662,294.80. The trade was a 46.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Raymond James Financial began coverage on Carriage Services in a report on Wednesday, October 1st. They issued an “outperform” rating and a $60.00 target price for the company. Zacks Research downgraded Carriage Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Barrington Research restated an “outperform” rating and set a $60.00 price objective on shares of Carriage Services in a research report on Friday, November 7th. B. Riley reiterated a “buy” rating and issued a $65.00 target price (up previously from $52.00) on shares of Carriage Services in a report on Friday, August 8th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Carriage Services in a research report on Thursday, November 13th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Carriage Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.00.

About Carriage Services

Carriage Services, Inc provides funeral and cemetery services, and merchandise in the United States. It operates in two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment provides consultation services; funeral home facilities for visitation and memorial services; transportation services; removal and preparation of remains; sale of caskets and urns; cremation services; and related funeral merchandise.